Devon Energy (DVN) Declares $0.26 Special Dividend; 2.3% Yield

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Devon Energy Provides Barnett Update, Announces Special Dividend and Outlines Next Steps in Cost-Reduction Plan

August 4, 2020 4:01 PM EDT

KEY HIGHLIGHTS

Accelerating Barnett Shale closing to Oct. 1, 2020, from previously scheduled date of Dec. 31, 2020Board of directors declares a $100 million special dividend in conjunction with Barnett closingExpect to achieve $300 million of sustainable cash cost savings by year-endPlan to use cash on hand to repurchase up to $1.5 billion of additional debt

OKLAHOMA CITY, Aug. 04, 2020 (GLOBE NEWSWIRE) -- In conjunction with its second-quarter earnings announcement, Devon Energy Corp. (NYSE: DVN) provided an update on the timing of its Barnett Shale divestiture closing and... More